NYSE Liffe, the European derivatives business of NYSE Euronext, has received regulatory approval from the ComissÃ£o de Valores MobiliÃ¡rios (CVM), the Brazilian securities regulator, to offer direct electronic access to its London market with immediate effect.
Brazilian market participants to get direct access to NYSE Liffe’s short term interest rate, bond, swapnote, equity and commodities futures and options. Alternatively, Brazilian firms can continue to make use of non-direct access for the execution of their NYSE Liffe business.
Garry Jones, group executive vice president and head of global derivatives, NYSE Euronext, said that NYSE Liffe would now promote its wider product range including global currency interest rates and blue chip European equity derivatives, as well as the commodities for which it is best known in Brazil.
NYSE Liffe says it currently trades approximately Â£1.8 trillion in equities, interest rates, indices and commodities daily, making it the world’s second largest derivatives exchange by value of transacted business, after the Chicago Mercantile Exchange.